The concept of processes and procedures used by service desks, and by businesses in general, originated in the ____ when philosopher and economist Adam Smith introduced his principle of the division of labor.
A. 1770s
B. 1850s
C. 1890s
D. 1920s
Answer: A
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A contingent liability should be entered into the accounting records if it is both probable and reasonably estimable
Indicate whether the statement is true or false
One of the major challenges to an ethics based on rights points to practical problems in applying a theory of rights to real-life situations.
Answer the following statement true (T) or false (F)
Patty, who is divorced, owns a house. She has no reasonable expectation of benefit from the life of Quinn, her ex-spouse, but she applies for insurance on his life anyway. She also obtains a fire insurance policy on the house, which she later sells. Five years later, Quinn dies and the house is destroyed in a fire. Can Patty obtain payment on either the death of Quinn or the loss of the house? Explain.
What will be an ideal response?
The alternative ways that a beneficiary can choose to receive the policy benefits upon the death of the insured are called
A) premium options. B) settlement options. C) terminal options. D) residual options. E) none of the above.